Housing costs in Lake Zurich?
A typical home costs
$475,700, which is 40.7% more expensive than the national average of
$338,100 and 96.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lake Zurich costs
$2,080 per month, which is 45.5% more than the national average of
$1,430 and 39.4% more than the state average of
$1,260.
Can I afford Lake Zurich?
To live comfortably in Lake Zurich (zip 60047), Illinois, a minimum annual income of
$91,080 for a family, and
$72,400 for a single person is recommended.
What does A.I. say about Lake Zurich?
The cost of living in 60047 Lake Zurich, IL is relatively high compared to other places in the United States. The median home value is nearly $384,000 and rental costs are just as expensive with an average of around $1,550 per month. Other expenses such as transportation and utilities are also higher than other areas. Grocery prices are comparable to the rest of the country, but taxes are higher than average due to the fact that Lake Zurich is located in a wealthier area. Despite the expensive cost of living, the small town ambience and close proximity to Chicago make it an attractive place for people looking to relocate to the Midwest.